Birla Corporation reports Q2 profit surge for Rs 583.7 million

09 Nov 2023 CW Team

Birla Corporation, a company under the MP Birla Group, announced a consolidated net profit of Rs 583.7 million for the second quarter ending September 2023. This marked a significant improvement from the net loss of Rs 564.6 million reported in the same period last year, as stated in a regulatory filing by Birla Corporation.

During the quarter, Birla Corporation's revenue from operations rose by 14.3% to Rs 22.8583 billion, compared to Rs 19.9983 billion in the corresponding period the previous year.

In the cement business segment, Birla Corporation's revenue reached Rs 21.7832 billion, showing a notable increase of 16.17% from Rs 18.7502 billion reported in the September quarter of the previous year.

However, the company experienced a decline in revenue from its jute business, which decreased by 13.23% to Rs 1.0760 billion.

Overall, Birla Corporation's total income for the period was Rs 23.1323 billion, reflecting a 13.30% growth compared to the same period in the previous year.

Infrastructure Energy

19 Sep 2025

Nawgati Partners with Seed Group to Modernise UAE Fuel Retail

Nawgati, India’s leading fuel-tech platform, has partnered with Seed Group, part of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to transform the UAE’s fuel retail and station management sector. The tie-up will deploy digital solutions to ease congestion, improve compliance, and enhance operational efficiency across outlets. Vaibhav Kaushik, Co-founder and CEO of Nawgati, said, “This partnership with Seed Group marks a significant milestone in Nawgati’s journey as we step out of India and into global markets. With Seed Group’s regional leadership and our technology, ..

Sterling Opens Sterling Hibis Vellore, Its First Resort in the City

Sterling Holiday Resorts has announced the launch of Sterling Hibis Vellore, a 40-key resort spread across 5.3 acres off Tiruvannamalai Road. This marks Sterling’s debut in Vellore and its ninth property in Tamil Nadu. Positioned as a resort-style escape within city limits, Sterling Hibis Vellore caters to pilgrims visiting Sripuram Golden Temple, families exploring Vellore Fort, medical and academic visitors to CMC and VIT, and corporates seeking retreats. Guests can also extend trips with nearby Sterling properties in Yelagiri and Tiruvannamalai. The resort features 36 Classic Ro..

TVS ILP’s Hosur Facility Powers Ather’s Festive Season Growth

TVS Industrial & Logistics Parks (TVS ILP) is enabling brands to meet festive season demand with Grade-A Built-To-Suit (BTS) facilities. Its Hosur park, home to Ather Energy’s largest EV manufacturing centre, has helped the company scale to a production rate of one vehicle every 0.46 seconds. As two-wheeler EVs gain momentum, supported by rising adoption in Tier II and III cities and the upcoming GST 2.0 reform, Ather recorded the second-highest EV sales in August. To support festive peaks, TVS ILP is expanding EV charging infrastructure, optimising space at the battery unit, ..